International Non-Profit Credit Rating Agency

The International Non-Profit Credit Rating Agency (INCRA for short) was a project to reform the assessment of states' creditworthiness. It was intended to serve as a non-profit alternative to the commercially oriented rating agencies. To improve the quality of the ratings, socio-economic indicators were taken into account in addition to macroeconomic factors. INCRA was presented in 2012 by the Bertelsmann Foundation and the Bertelsmann Stiftung.

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